706 Broadway Ave, Unit 718 Bedford, OH 44146-3642
Property profile & analytics
706 Broadway Ave, Unit 718 Bedford, OH 44146-3642
- Retail space
- 6,975 SF
- 0.19 lot acres
Property ID
US66-2013928
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 706 Broadway Ave
- Year built
- 1921
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.19 lot acres
- Property size
- 6,975 SF
- Zone code
- H-D
- Property type
- Retail space
- APN
- 812-13-059
- APU
- 81213059
Description
This exceptional investment opportunity presents a 7-unit retail storefront building totaling 6,975 square feet, situated on a 0.185-acre lot in Bedford, Ohio's historic downtown. The property, built in 1921, features a single-story brick structure with over 117 feet of frontage on Broadway Avenue (706-718). Currently housing seven tenants, this multi-tenant property offers significant upside potential due to unchanged lease terms since the tenants' inception. While the building is in good condition, the roof requires some attention. The property boasts separately metered electric and gas for each unit, adding to its operational efficiency. The asking price is $275,000, translating to less than $51 per square foot for this occupied multi-tenant building—well below replacement cost. The property's location benefits from strong demographics within a 3-mile radius, showcasing an upward trend in housing, population, and average household income ($63,539). The property's APN is 812-13-059 and is zoned for Historic Downtown use. This presents a rare chance to acquire a well-located, established retail center with substantial value-add potential. The lease type is gross, and tenant credit history is not available.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5352
- Latitude
- 41.391
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,396
$11,310
$59,010
$70,320
-
$32,300
$168,600
$200,900
